North America: machine sales up in Q3 of 2021

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Source: www.plasticsindustry.org

Sales of primary plastics machinery in North America rose in the third quarter of last year.

The Committee on Equipment Statistics (CES) at the US-based Plastics Industry Association says that sales reached nearly US$334 million in Q3 – a rise of nearly 9% compared to the same period in 2020, and 4% up on the second quarter of 2021.

Sales of twin-screw extruders rose more than 61% (compared to Q3 2020) and by around 44% compared to Q2 2021. Single screw extruder sales rose nearly 16% compared to the same period 2020, and by 7% to the previous quarter.

For comparison, sales of injection moulding machines rose nearly 6% compared to Q3 2020, and by less than 2% over the previous quarter.

“Plastics equipment shipments picked up in the third quarter as the economy continued to emerge from the pandemic,” said Perc Pineda, chief economist at the association. “The increase was consistent with higher plastics production– which rose 5.9% compared to a year earlier.”

In the latest CES quarterly survey, three-quarters of respondents expected market conditions to improve or hold steady in the next quarter (lower than the 93% who expressed the same view in the previous quarter). For the next 12 months, 75% expect market conditions to be steady-to better – a shade lower than the response in Q2.

“While the survey shows that growth expectations have moderated, it also reveals that plastics machinery suppliers are optimistic about market conditions four quarters ahead,” said

Pineda.

Exports rose to US$390m– an increase of 6% compared to the previous quarter. Mexico and Canada remained the top export markets for the USA.

Combined exports to USMCA partners in the Q3 reached nearly US$173m, which was 44% of total plastics machinery exports.

Imports fell 3% to US$848m, resulting in a US$458m trade deficit. The US plastics machinery trade deficit fell by almost 10% in Q3.

“The outlook for plastics machinery in the second half of 2021 is positive, though shipments will continue to fluctuate,” said Pineda.

“The likelihood of continuing supply-chain issues remains high.”

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